Newly elected Charlotte Mayor Patrick Cannon, 47, is accused of accepting more than $48,000 (£28,953) in bribes and gifts from undercover FBI agents.
He promised access to city officials in return, investigators said.
Mr Cannon faces up to 20 years in prison and $1 million in fines if convicted on theft and bribery charges.
“I regret that I have to take this action, but I believe that it is in the best interest of the City for me to do so,” he wrote in his resignation letter.
According to a complaint filed in federal court, between 17 January 2013 and 21 February 2014, Mr Cannon accepted payments from undercover FBI agents on five separate occasions.
In return, he offered to connect the agents…
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